@mchuac88 vol of vol and Vixfix trending upwards. Highly bearish, but be aware of position at the risk range
NYSE:GM I have an alert set right on this flat base resistance line. Should it trigger I will go long with a stop just under the days low. See chart for more details. Wolfe Research Upgrades General Motors to Outperform From Perform Jan 4, 202408:27 EST General Motors Company GM has an average rating of outperform and price targets ranging from $27 to $95,...
Looks like the TVC:DJI is in a short term downtrend. NASDAQ:NDX SP:SPX & TVC:RUT all are in short term down trends which begin couple days or so ago. TVC:VIX is at higher end of the recent pattern and it keeps poking it. *(TOOK THIS FROM ANOTHER POST Remember, the more something is poked the weaker it becomes Picture paper holding a marble Poke with a...
Markets reversed lower after briefly going green. All indices down on the back of yields rising. Relentless selling in Apple.
Dollar Surging Reversal! Small caps Obliterated Oil Bullish Reversal.
AMEX:KWEB the Chinese stock ETF is looking like a due or die situation here. The negative is that it is in a longer-term downtrend. It is now just hitting the underside of the 50 DMA; it is below the 40 Week MA and nearing the top of the downtrend channel. Here are the positives; it seems to have stopped the downtrend with a slight undercut and rally from the...
IWM looks to be reaching the UTAD stage of a Wyckoff Re-distribution schematic. Lowering volume in the lead up to UTAD provides confluence to the idea. Expecting price to return to linear regression trend line around 120. Price could extend further, but I expect we are nearing the top of this rally and a sharp correction in 2024. Take profit level of 120...
NYSE:ONON this high-end athletic shoe and clothing maker may be one for your watchlist. See the chart notations for technical details. I like this formation as it works more than 50% of the time. I like how it is above the IPO AVWAP. It has just tested the 50 DMA and may bounce here. The best entry would be over the upper short term downtrend line in the handle...
Flip on financial TV and you will likely hear a plethora of sellside strategists and buyside portfolio managers voice optimism about small-cap US stocks. Consider that the iShares Russell 2000 ETF (IWM) was easily in negative territory on the year back in October. Fast forward just two months and the small-cap ETF is up close to 20% total return in 2023. The quick...
Small caps have surged to fresh highs dating back to the first quarter of 2022. The Russell 2000 ETF (IWM) has suddenly become a darling among sellside strategists and even buyside macro portfolio managers. Recall it was just two months ago when the group traded around 12 times next year’s earnings estimates. Jump ahead to today, and a 25% rally since October 27...
NASDAQ:CELH Has recently had 2 events: Earnings, which beat expectations and had an initial upward push on price then failed. Then it had a 3/1 stock split. One must wonder why the split as the market did not seem to like it. The pullback, which is a little steep, may be finding support at both the most recent lows and a rising 40 Week MA (white). Of course, I...
I have been in and out of NASDAQ:MBLY several times in the last few months. I posted an idea a few weeks ago (link below). I am back in this one this morning as it breaks above the most recent high. It looks to me that it is getting ready to run. All TBD. My stop is below today’s low. If it does not work, I will be out for a small loss. I will look to add on...
I traded NASDAQ:TSLA last week when it broke out of that inner wedge pattern. It went quickly and then pulled back. I made a good profit on a 2-day trade. A link is below for last week’s idea on the trade. It looks to me that Tesla is finding some support in the low $230’s area. I have an alert set just over today’s high. If it triggers and the market are doing...
TUP broke out today on volume! AAOI 25% short float and getting its highest monthly close since 2018 IONQ Bullish potential pattern at play
The markets marched higher here for an 8th consecutive week. this is the largest rally since 2017! The Nasdaq closed the week at its highest ever weekly close.
After the outside day formed by TVC:DJI , it pumped a bit and regained most of what was lost in that 500pt loss. 1Hr chart sows it trading back above the moving avgs (intraday). TVC:RUT is the only index that has traded ABOVE its recent highs. TVC:VIX is struggling to close above a small resistance area, 14. #stocks
The yellow resistance zone is expected to be pivotal for the stock markets. Although some indices appear close to ATHs, the presented spread graph suggests the intrinsic value of the US stock market isn't even half of the previous highs. Same graph with monthly candlesticks: Fundamentally: Although rate cuts are expected, historically they mark the...
The SVXY peaked right into the target of 104 at 103.65 For wave 5 of 3 of 5 we just saw wave 4 low . we did the exact in most every Aspect in svxy and the sp 500 . this lead to the last draw out battle from july 6 to july 27 final peak. 20 days if we align the two time frames we get a TOP 1/ 11/2024 see chart golden ratio spirals they are near...